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To: Allen In Texas Hill Country

I’ve been with AMEX since 81. I’ve found that companies that don’t want to take an AMEX are those who aren’t willing to take the rake-off % AMEX charges to use and process the card. I’ve heard it is higher than VISA and MASTERCARD.

Usually when large vendors want to be able to have AMEX cards as an option, they work out some kind of deal with AMEX for a smaller cut. My guess is that AMEX doesn’t want to continue the relationship and smaller cut.

Obama’s economy.


10 posted on 10/22/2015 8:13:16 AM PDT by Gaffer
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To: Gaffer

I thought in years gone by it was 2% for Visa, MC and Discover to the merchant and more like 3% or even 4% for AmEx which is why so many don’t accept it.

Not sure what the %’s are in 2015.


20 posted on 10/22/2015 8:25:34 AM PDT by Qwackertoo (Worst 8 years ever, First Affirmative Action President, I hope those who did this to us SUFFER MOST!)
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